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Palo Alto Networks call volume above normal and directionally bullish

Bullish option flow detected in Palo Alto Networks with 51,348 calls trading, 6x expected, and implied vol increasing over 1 point to 29.86%. 6/28 weekly 340 calls and Aug-24 400 calls are the most active options, with total volume in those strikes near 14,400 contracts. The Put/Call Ratio is 0.29. Earnings are expected on August 15th.

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